ISLAMABAD – *Gallup Pakistan Survey on Business in Pakistan makes newrevalations.*
A majority of Pakistani business owners are of the view that Pakistan isheaded in the wrong direction, as high inflation and taxes take toll ontheir businesses.
According to *Gallup Pakistan Survey* with business owners at the end ofthe year 2019, three in five respondents i.e. 60 percent say they arepessimistic about the direction of the country. However, 43pc are hopefulthat the year 2020 will be better for their business.
The survey is the first of a Quarterly Business Confidence Survey releasedby Gallup Pakistan.
Three questions were asked by Gallup Pakistan to 500 business ownersserving across the country. The question what do businesses think withrespect to direction of the country, has been responded with a sweeping60pc of the businessmen saying that the things are not headed in the rightdirection
In query number two, businessman were questioned whether they are hopefulthat the coming 12 months would be significantly better for their business.To which more than 2 in 5 (43pc) respondents replied in positive sayingthat that the coming year (2020) will be better for their business.
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Whereas, 36pc said that the year 2020 will be worse, while 16pc said itwill be the same.
The business owners also pointed out rising inflation and high taxes amongthe issues affecting their businesses the most. Some 22pc of therespondents say that inflation is the issue they want the government tosolve. Whereas, 19pc were most impacted by taxes, followed by 11pcbusinessmen who were most concerned with factors impacting imports andexports.
Meanwhile, 49 percent of the respondents pointed out the deterioratingeconomy affecting their business the most, with 14pc viewing uncooperativegovernment having the most significant impact.
